{"id":632229,"date":"2024-07-30T15:00:12","date_gmt":"2024-07-30T15:00:12","guid":{"rendered":"https:\/\/ktsl888.com\/?p=632229"},"modified":"2024-07-30T09:43:11","modified_gmt":"2024-07-30T09:43:11","slug":"bullish-pattern-xrp-price","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/xrp\/bullish-pattern-xrp-price\/","title":{"rendered":"Analyst Identifies Bullish Pattern That Can Send XRP Price To New Highs"},"content":{"rendered":"

Crypto analyst Mikybull Crypto<\/span><\/a> has identified a bullish pattern that can send the XRP price to new highs. This comes amid the growing increase in the <\/span>investors’ bullish sentiment<\/span><\/a> towards the XRP token.\u00a0<\/span><\/p>\n

Bull Pennant Pattern Forms On XRP\u2019s Chart<\/h2>\n

Mikybull Crypto<\/span><\/a> stated in an X (formerly Twitter) <\/span>post<\/span><\/a> that XRP has formed a <\/span>bull pennant continuation pattern<\/span><\/a> on the daily chart. The analyst added that the \u201cbreakout will be massive,\u201d with XRP set to rise above $1 based on the chart he shared. Mikybull Crypto seemed really confident that XRP would rise to such heights, as he claimed that this bullish pattern \u201crarely fails.\u201d<\/span><\/p>\n

Related Reading: Donald Trump Reveals Plans For US Government\u2019s 213,239 Bitcoin If Elected<\/a><\/div>\n
\"XRP
Source: X<\/figcaption><\/figure>\n

A <\/span>bull pennant<\/span><\/a> is a technical indicator that signals the continuation of an uptrend after a <\/span>period of consolidation<\/span><\/a>. Mikybull Crypto had <\/span>previously mentioned<\/span><\/a> that XRP was going to have a cool-off period after hitting the first short-term target of $0.58. Indeed, XRP is currently experiencing a consolidation period, having hovered around the $0.60 range for the past few weeks.\u00a0<\/span><\/p>\n

However, the formation of the bull pennant pattern suggests that XRP is well-primed to continue its bull rally and move to $1. A rise to $1 will be significant for XRP, considering that it will be the first time that the crypto token has hit this price market since 2021. XRP failed to hit this price mark even when Judge Analisa Torres <\/span>declared<\/span><\/a> that the crypto token wasn\u2019t a security last year.\u00a0<\/span><\/p>\n

Meanwhile, <\/span>Mikybull Crypto<\/span><\/a> has suggested that XRP\u2019s rise to $1 is just the beginning of the massive heights the crypto token will reach in <\/span>this bull run<\/span><\/a>. The analyst stated that XRP would surprise many doubters in this market cycle while also <\/span>predicting<\/span><\/a> that the coin could replicate its 2017 and rise to as high as $4 if a similar price movement eventually occurs.\u00a0<\/span><\/p>\n

Confirmation Of XRP Price Replicating 2017 Rally<\/h2>\n

Mikybull Crypto<\/span><\/a> also recently affirmed his prediction that XRP would replicate its 2017 rally when the token enjoyed a price gain of <\/span>over 61,000% in 280 days<\/span><\/a>. In an <\/span>X post<\/span><\/a>, he stated that XRP is displaying \u201csignificant technical signs\u201d that occurred in 2017 and led to these massive gains afterward. He added that historically, the chart always precedes the news, meaning that XRP is well set up for that catalyst that could spark such a run.\u00a0<\/span><\/p>\n

Related Reading: Crypto Analyst Charts Bitcoin Course To New $77,604 All-Time High<\/a><\/div>\n
\"XRP
Source: X<\/figcaption><\/figure>\n

A conclusion to the <\/span>long-running legal battle<\/span><\/a> between the US Securities and Exchange Commission (SEC) and Ripple is believed to be one factor that could spark such a parabolic rally for XRP. The case is expected to end soon enough, with the only thing remaining is a ruling from <\/span>Judge Torres<\/span><\/a> on the appropriate remedies to be awarded against Ripple.\u00a0<\/span><\/p>\n

At the time of writing, the XRP price is trading at around $0.59, down almost 2% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"XRP
XRP price shows bullish momentum | Source: XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto analyst Mikybull Crypto has identified a bullish pattern that can send the XRP price to new highs. This comes amid the growing increase in the investors’ bullish sentiment towards the XRP token.\u00a0 Bull Pennant Pattern Forms On XRP\u2019s Chart Mikybull Crypto stated in an X (formerly Twitter) post that XRP has formed a bull pennant continuation pattern on the daily chart. The analyst added that the \u201cbreakout will be massive,\u201d with XRP set to rise above $1 based on the chart he shared. Mikybull Crypto seemed really confident that XRP would rise to such heights, as he claimed that this bullish pattern \u201crarely fails.\u201d Related Reading: Donald Trump Reveals Plans For US Government\u2019s 213,239 Bitcoin If Elected A bull pennant is a technical indicator that signals the continuation of an uptrend after a period of consolidation. Mikybull Crypto had previously mentioned that XRP was going to have a cool-off period after hitting the first short-term target of $0.58. Indeed, XRP is currently experiencing a consolidation period, having hovered around the $0.60 range for the past few weeks.\u00a0 However, the formation of the bull pennant pattern suggests that XRP is well-primed to continue its bull rally and move to $1. A rise to $1 will be significant for XRP, considering that it will be the first time that the crypto token has hit this price market since 2021. XRP failed to hit this price mark even when Judge Analisa Torres declared that the crypto token wasn\u2019t a security last year.\u00a0 Meanwhile, Mikybull Crypto has suggested that XRP\u2019s rise to $1 is just the beginning of the massive heights the crypto token will reach in this bull run. The analyst stated that XRP would surprise many doubters in this market cycle while also predicting that the coin could replicate its 2017 and rise to as high as $4 if a similar price movement eventually occurs.\u00a0 Confirmation Of XRP Price Replicating 2017 Rally Mikybull Crypto also recently affirmed his prediction that XRP would replicate its 2017 rally when the token enjoyed a price gain of over 61,000% in 280 days. In an X post, he stated that XRP is displaying \u201csignificant technical signs\u201d that occurred in 2017 and led to these massive gains afterward. He added that historically, the chart always precedes the news, meaning that XRP is well set up for that catalyst that could spark such a run.\u00a0 Related Reading: Crypto Analyst Charts Bitcoin Course To New $77,604 All-Time High A conclusion to the long-running legal battle between the US Securities and Exchange Commission (SEC) and Ripple is believed to be one factor that could spark such a parabolic rally for XRP. The case is expected to end soon enough, with the only thing remaining is a ruling from Judge Torres on the appropriate remedies to be awarded against Ripple.\u00a0 At the time of writing, the XRP price is trading at around $0.59, down almost 2% in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":632232,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[167,6664,26263,14690,3680,17209,4531,83637,13172,10972,78763],"class_list":["post-632229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nAnalyst Identifies Bullish Pattern That Can Send XRP Price To New Highs<\/title>\n<meta name=\"description\" content=\"Crypto analyst Mikybull Crypto has identified a bullish pattern that can send the XRP price to new highs soon.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Analyst Identifies Bullish Pattern That Can Send XRP Price To New Highs","url":"http:\/\/ktsl888.com\/analysis\/xrp\/bullish-pattern-xrp-price\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/analysis\/xrp\/bullish-pattern-xrp-price\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/XRP-Price-5.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/XRP-Price-5.jpeg?fit=1792%2C1024"},"articleSection":"XRP","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","ripple","ripple news","xrp","xrp news","xrp price","xrpusd","xrpusdt"],"dateCreated":"2024-07-30T15:00:12Z","datePublished":"2024-07-30T15:00:12Z","dateModified":"2024-07-30T15:00:12Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Analyst Identifies Bullish Pattern That Can Send XRP Price To New Highs\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/analysis\\\/xrp\\\/bullish-pattern-xrp-price\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/analysis\\\/xrp\\\/bullish-pattern-xrp-price\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/XRP-Price-5.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/XRP-Price-5.jpeg?fit=1792%2C1024\"},\"articleSection\":\"XRP\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"ripple\",\"ripple news\",\"xrp\",\"xrp news\",\"xrp price\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-07-30T15:00:12Z\",\"datePublished\":\"2024-07-30T15:00:12Z\",\"dateModified\":\"2024-07-30T15:00:12Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/XRP-Price-5.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/632229"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=632229"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/632229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/632232"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=632229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=632229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=632229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}